Douglass Land Lease Presentation 4-03-13 (English)
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Transcript of Douglass Land Lease Presentation 4-03-13 (English)
79 Years Strong
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Douglass Houses
April 3, 2013
Preserving Public Housing
A Roadmap for Preservation
Ensures that public housing remains available for current and future generations of New Yorkers
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Plan NYCHA Development NYCHA worked hand in hand
by hosting dozens of meetings with residents, electeds, community partners and employees Thousands of residents
provided input into proposals including:o Looking at ways to use NYCHA’s
most valuable asset –our land- to generate revenue
o Development of new mixed-use, mixed-income housing to support more families in need
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A Roadmap for the Future
A Call to: Preserve public
housing – buildings, communities and opportunities Restore financial
stability Transform the way we
do things Improve services
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Two Different Federal Funding Streams support NYCHA’s Activities
Capital:► Covers roofs, bricks,
elevators and electrical, plumbing and heating systems
► Requires long term planning
► Calls for complex and lengthy execution
Operating:► Covers building
maintenance and repairs, day to day operations and administration
► Based on HUD funding formula that short changes NYCHA
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Both Capital and Operating funding has declined.
-$900-$800-$700-$600-$500-$400-$300-$200-$100
$02001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
In M
illio
ns o
f Dol
lars
Cumulative Annual Capital Funding Decline Since 2001
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Funding Declined Over $876M
-$800-$700-$600-$500-$400-$300-$200-$100
$02001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Operating Funding Decline Since 2001
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Funding Declined Over $750M
Dol
lars
in M
illio
ns
NYCHA’s Unmet Need For Capital Investment Will Increase From $6B today to $13.4B
Over the next 5 YearsCapital Investment at Douglass Houses:
•$192M total identified needsfor the next 5 years
•$22M planned for the next 5 years including:•Garbage collection systems•Playground equipment•Elevators rehab•Heating systems
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Proposed Plan will help Preserve Public Housing for Current and Future Families
NYCHA would lease (not sell) 14 parcels of land located within 8 developments
Income generated will be dedicated to building improvements for public housing
The developers would finance, construct, and operate new residential buildings.
Approximately 80% of the apartments will be market rate and 20% will be permanently low income
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Setting the Record Straight:This is a Plan to Save Douglass Houses
The Development Plan Will: Not increase rent for NYCHA
residents due to the new developments.
Not demolish public housing apartments
Not displace NYCHA families Not privatize – NYCHA will still be
the landlord Not sell the land; NYCHA will own
the land under the new buildings. Not result in job losses or increased
work requirements for NYCHA personnel.
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NYCHA’s Core Principles for Development All new buildings located along
street fronts to encourage pedestrian traffic and campus integration with the neighborhood and reduce construction impact
Replacement of all parking spaces for all current resident legal permit holders
NYCHA will remain your landlord and retain ownership of the land under the new buildings via 99-year ground leases
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Douglass Houses: Where We Are
144,612 residents live at Douglass Houses & Addition
Douglass Houses: Proposed Development Sites
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Development Opportunity at Douglass Houses
Manhattan Avenue Site
Site Area: 19,000 SF
New Construction: 340,000 SF (approx.)
Estimated # of new apts: 368 units
West 100th Street Site
Site Area: 18,750 SF
New Construction: 220,000 SF (approx.)
Estimated # of new apts: 189 units
West 104th Street Site
Site Area: 16,000 SF
New Construction: 175,000 SF (approx.)
Estimated # of new apts: 237 units
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Maximum Allowable Income
1 person $ 36,120
2 persons $ 41,280
3 persons $ 46,440
4 persons $ 51,540
Low Income units will be available to households with incomes at or below 60% of Area Median Income (AMI)
Douglass Houses Today
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Benefits NYCHA Wide
We estimate that this initiative would generate between $30 Million and $50 Million of funding on a yearly basis for 99 years (term of ground lease)
New funding streams will be used to improve the quality of life of NYCHA residents by funding a portion of critical capital improvements
This initiative will generate approximately 800permanently low income housing units for low income New Yorkers
NYCHA residents will be given a preference for the low-income units
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Benefits for Douglass Houses Residents
Preference for low income apartments in the new buildings
Alternative power during blackouts for critical systems such as hallway and stair lighting, heat and hot water, elevators and security
Enhanced security features for the entire development
Construction and permanent job opportunities for NYCHA residents
Increased investment in critical capital needs to preserve Douglass Houses
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Land Lease Websitehttp://on.nyc.gov/landlease
Public Comments can be submitted online and in writing to:
NYC Housing AuthorityLand Lease Comments
PO Box 3422 New York NY 10008
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Q & A